Gentex corporation (GNTX)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income

409,909

424,683

431,411

430,849

430,914

437,883

462,077

440,971

420,483

406,791

365,084

366,918

364,868

347,591

347,225

333,493

321,566

318,469

301,049

295,053

297,221

288,604

287,510

270,694

246,065

222,929

192,647

179,003

167,672

168,586

169,454

170,974

168,679

164,668

161,125

152,019

147,604

137,733

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

102,899

104,702

100,770

99,574

102,239

102,186

105,460

105,051

102,435

99,570

94,592

93,225

90,930

88,587

85,743

83,917

82,159

80,599

81,337

80,254

78,830

77,376

80,266

74,880

68,873

62,854

54,894

52,607

51,311

50,179

46,944

46,490

44,757

42,634

42,339

40,350

39,497

38,620

0

0

0

(Gain) on disposal of assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of assets

-

-

-

-

-

577

169

235

46

188

299

219

281

146

3

3

-22

10

27

27

34

44

89

89

109

54

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

520

588

-359

-220

239

108

560

574

650

299

1,588

1,499

1,298

1,080

20

0

99

455

691

765

637

640

3,865

3,798

3,439

2,162

-834

-660

-381

952

-172

55

324

992

-894

-970

-384

-1,070

0

0

0

(Gain) on sale of investments

614

660

1,623

1,512

1,382

2,538

1,789

1,678

2,279

1,309

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of investments

-

-

-

-

-

-

0

0

801

-

7,639

6,346

6,180

4,239

7,982

7,828

8,005

9,666

15,995

17,082

16,467

16,742

18,737

19,079

16,164

19,012

0

0

0

-

-

-

14,910

15,787

12,777

11,480

9,802

9,767

0

0

0

Loss on sale of investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Change in deferred income taxes

-3,714

-3,358

3,313

-1,475

-2,901

-4,414

-27,389

-24,748

-23,461

-14,996

27,149

29,908

30,620

22,498

26,099

15,128

10,669

13,058

3,755

11,677

16,416

14,817

-1,229

-4,034

-7,160

-7,726

-8,350

-3,910

-2,217

843

13,837

8,344

12,819

13,942

9,254

17,417

12,554

10,390

0

0

0

Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock

23,164

21,671

20,674

19,792

19,191

18,305

18,844

17,915

17,931

18,376

17,780

18,529

18,641

19,192

19,399

19,983

20,591

21,430

22,241

22,354

22,348

21,276

20,468

19,496

18,319

17,427

16,600

16,520

16,323

16,433

16,374

15,769

15,056

14,197

13,166

12,201

11,419

10,652

0

0

0

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,298

5,727

5,873

5,502

4,785

4,352

4,806

4,445

2,449

1,724

838

815

2,641

3,349

4,434

5,362

5,796

5,123

3,990

3,020

0

0

0

Change in operating assets and liabilities:
Accounts receivable, net

-10,688

21,872

5,786

-12,980

-2,160

-17,583

6,816

10,156

-3,030

19,530

11,269

9,807

25,468

15,622

21,033

23,383

22,207

27,960

21,791

17,778

30,444

24,962

33,957

46,974

38,290

22,347

15,062

-9,761

-17,369

-810

-3,766

18,089

22,966

14,742

23,357

18,405

32,503

24,488

0

0

0

Inventories

25,703

23,660

25,282

12,718

18,070

8,516

6,736

15,835

10,144

27,454

27,304

20,313

8,463

14,616

14,749

25,454

43,060

32,937

29,006

25,560

17,214

21,683

18,191

9,209

-1,720

-39,856

-59,712

-76,328

-70,681

-28,823

25,988

72,872

96,714

88,024

59,024

40,176

36,289

47,119

0

0

0

Prepaid expenses and other

1,715

3,646

-799

4,408

3,293

11,268

13,154

9,800

-199

-16,183

2,575

-1,329

264

-4,399

-2,879

1,260

1,227

9,530

-573

2,524

7,261

21,946

15,776

10,514

1,974

2,374

-10,452

-11,892

-3,125

-14,868

8,870

4,414

-210

6,954

-1,279

3,243

-581

1,353

0

0

0

Accounts payable

9,981

4,743

5,267

-16,743

12,809

2,911

10,138

23,863

-406

9,934

8,902

1,097

-1,704

13,609

-12,891

11,886

6,134

-5,103

15,278

14,115

8,884

14,946

18,274

12,031

31,397

13,310

-1,894

-9,725

-39,984

-22,270

-17,923

-9,768

11,912

25,175

20,051

19,019

11,314

12,838

0

0

0

Accrued liabilities, excluding dividends declared and short-term debt

-1,927

2,753

8,610

7,264

-2,467

220

5,356

3,589

8,686

12,947

2,131

5,790

-12,332

10,793

-8,244

2,754

25,685

2,904

22,498

13,206

-12,884

-708

5,874

6,547

23,048

13,876

11,298

7,688

18,522

8,221

4,091

10,359

1,234

1,794

11,550

-505

18

177

0

0

0

Net cash provided by operating activities

523,407

505,966

538,151

533,501

538,809

552,418

546,653

529,829

517,260

501,002

473,187

485,475

456,370

477,048

427,671

417,658

398,332

354,416

382,930

377,005

337,453

327,223

321,126

287,158

317,638

317,338

305,062

328,602

294,137

257,846

192,686

138,582

125,424

141,668

161,456

165,642

144,201

128,133

0

0

0

CASH FLOWS (USED FOR) INVESTING ACTIVITIES:
Activity in available-for-sale securities:
Sales proceeds

43,123

57,139

58,258

30,271

18,566

55,248

81,397

81,849

82,713

30,207

14,440

43,490

45,192

87,293

88,470

90,694

94,393

58,517

52,442

34,048

59,297

75,613

81,884

106,333

96,091

82,862

77,204

51,762

42,930

38,831

0

0

0

-

-

-

-

-

-

-

-

Maturities and calls

141,733

125,013

139,714

169,722

181,892

181,892

56,892

32,884

20,000

23,100

23,600

17,600

11,600

5,500

0

0

0

-

-

-

-

-

-

-

-

98,142

103,142

50,902

61,652

75,652

0

0

0

-

-

-

-

-

-

-

-

Purchases

183,389

153,257

217,809

195,161

349,368

332,106

192,470

189,901

14,863

29,874

52,068

68,391

207,741

216,670

195,797

200,070

66,307

47,513

51,957

40,884

62,759

80,887

65,575

61,852

51,894

60,543

107,382

128,550

127,994

112,545

0

0

0

-

-

-

-

-

-

-

-

Plant and equipment additions

83,310

84,580

75,541

79,634

76,586

85,990

86,700

99,682

103,168

104,040

115,570

122,341

127,746

120,955

127,156

119,184

103,110

97,941

84,807

75,860

71,261

72,518

67,348

61,561

59,123

55,380

57,903

72,117

90,324

117,474

132,780

140,606

140,566

120,177

102,765

114,987

77,179

46,896

0

0

0

Proceeds from sale of plant and equipment

2,049

2,001

2,481

786

788

738

251

339

302

249

341

238

163

665

560

560

560

43

188

188

188

223

104

405

411

386

368

1,069

1,074

1,064

1,014

112

131

179

201

321

405

504

0

0

0

(Increase) decrease in investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Decrease in other assets

5,736

3,027

4,157

3,659

5,484

5,603

4,343

2,103

-3,279

-2,646

2,429

3,206

8,002

7,278

3,327

4,046

1,556

2,842

2,862

2,545

3,010

2,144

1,185

725

152

573

2,167

17,408

18,484

17,602

16,898

2,501

1,365

-698

115

-2,186

1,489

5,771

0

0

0

Net cash (used for) investing activities

-85,529

-56,711

-97,055

-77,675

-230,192

-185,821

-144,973

-176,613

-11,737

-77,712

-131,685

-132,611

-286,534

-251,446

-237,250

-232,046

-76,020

-89,737

-86,996

-85,052

-77,544

-79,713

-52,163

-623,658

-617,674

-633,256

-684,845

-114,342

-131,146

-132,074

-125,474

-166,386

-158,197

-103,526

-65,620

-14,215

-44,795

-124,586

0

0

0

CASH FLOWS (USED FOR) FINANCING ACTIVITIES:
Proceeds from borrowings on Credit Agreement

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

-

-

-

-

-

78,000

107,500

93,750

93,750

107,625

95,000

135,000

106,250

47,500

93,750

17,500

17,500

32,500

-17,500

7,500

7,500

7,500

-3,750

-1,875

0

1,875

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock from stock plan transactions

74,662

77,821

73,680

55,776

41,085

66,837

77,253

78,837

66,800

47,770

57,757

73,957

87,868

81,310

65,609

45,641

31,715

30,168

60,792

62,201

62,872

59,969

35,035

33,923

38,012

38,377

26,317

20,799

16,334

12,208

19,906

25,969

27,628

33,304

57,148

56,450

57,900

67,067

0

0

0

Cash dividends paid

116,679

116,309

116,050

116,332

117,064

116,566

116,131

115,170

110,946

108,815

106,330

103,593

102,268

101,131

100,057

99,131

98,130

96,990

95,572

94,017

90,870

87,632

84,471

81,266

80,941

79,160

77,456

76,053

74,699

73,387

72,046

70,427

68,808

67,171

65,394

63,616

61,829

61,394

0

0

0

Repurchases of common stock

414,023

331,471

332,591

408,510

485,272

591,577

623,285

507,012

402,949

231,363

170,447

144,643

149,761

163,361

151,069

153,396

130,765

111,228

102,911

80,118

55,060

30,010

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,298

5,727

5,873

5,502

4,785

4,352

4,806

4,445

2,449

1,724

838

815

2,641

3,349

4,434

5,362

5,796

5,123

3,990

3,020

0

0

0

Net cash (used for) financing activities

-381,041

-369,959

-374,961

-492,191

-611,252

-719,306

-769,663

-637,096

-540,845

-400,032

-314,020

-271,779

-236,661

-230,682

-220,430

-256,014

-245,753

-210,550

-164,893

-113,706

-84,684

-59,671

-62,153

225,428

232,171

235,830

225,357

-87,245

-91,242

-94,079

-83,214

-41,108

-36,744

-28,504

-2,449

-2,042

62

8,694

0

0

0

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

56,836

79,296

66,134

-36,366

-302,634

-352,709

-367,982

-283,880

-35,322

23,257

27,481

81,085

-66,825

-5,080

-30,009

-70,402

76,559

54,127

131,041

178,246

175,223

187,838

206,809

-111,071

-67,864

-80,086

-154,425

127,014

71,748

31,691

-16,003

-68,912

-69,517

9,637

93,387

149,385

99,467

12,241

0

0

0